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FDIC Consumer News
Special 10th Anniversary Edition - Fall 2003
Extra Tip on... Your Safe Deposit Box
While millions of Americans rent a safe deposit box, few pay attention to questions such as what to put (and what not to put) in the box. Consider putting in anything that is difficult or impossible to replace, such as birth, marriage and death certificates, special jewels or collectibles, and videos or pictures of your home for insurance purposes. You should not put in anything you might need in an emergency, such as passports and medical-care directives, in case your bank is closed. If you want a spouse, a child or anyone else to have unrestricted access to the box, have that person sign the rental contract as a co-renter or otherwise make sure the bank will grant access to him or her.
Excerpted from "The Key to Your Safe Deposit Box," Spring 1997.
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